Market Overview

In the early hours of Monday, European stock markets faced downward pressure as investors eagerly awaited crucial economic indicators. The focus was on the upcoming United Kingdom housing market data and a preliminary report on Spanish inflation for December, both set to influence market sentiment.

Index Performance

At 8:00 am CET, the DAX index was down by 0.22%, while the FTSE 100 saw a more significant drop of 0.44%. Similarly, the CAC 40 and the Euro Stoxx 50 experienced declines of 0.26% and 0.35%, respectively, signaling a cautious start to the week for European equities.

Currency Movements

Currency markets remained relatively stable, with the euro and the pound showing minimal movement against the dollar at 7:58 am CET. The euro was trading at $1.04290, and the pound was slightly higher at $1.25862, reflecting a wait-and-see approach among traders.